File photo for representational purposes only.
Singapore: Gold firmed on Monday after touching a historic milestone last week, as geopolitical tensions, jitters about tariffs escalating trade frictions, and increased hopes of interest rate cuts from the Federal Reserve continued to fuel safe-haven demand.
Spot gold rose 0.1% to $2,986.53 an ounce. Bullion rose above the $3,000/oz milestone to notch a record high at $3,004.86 on Friday.
US gold futures eased 0.2% to $2,994.60.
Gold, a hedge against political risks and inflation, has gained around 14% so far in 2025.
Spot silver shed 0.1% to $33.76 an ounce, platinum added 0.1% to $994.50, and palladium eased 0.1% to $963.83.
